Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,335,000
Manufacturing properties
815 Market St Salinas, CA 93901-1400
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US09-3294107
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1952
Construction
TILT-UP CONCRETE
Total area
75,167 SF
Lot
4.86 ac (211,701 SF)
APN
002-012-013-000
UPID
US09-3294107
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Schied Family Wines Storage Facility
-
Food Distribution Center - The Food Bank For Monterey County Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.34M
Owner & transaction history
West Market Center LLC · 20 yrs held
West Market Center LLC
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salinas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salinas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$68,668
Tax year 2023
Assessed value
$5,707,801
Assessed 2023
Previous assessed
$5,707,801
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,215,618
Assessed improvement
$4,492,183
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
3
Rooms
2
Bathrooms
1
Total area
75,167 SF
Lot
4.86 ac (211,701 SF)
APN
002-012-013-000
UPID
US09-3294107
Jurisdiction
MONTEREY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
3
Rooms
2
Bathrooms
1
Lot
4.86 ac
Current owner
From public records · entity-resolved
West Market Center LLC
Entity
Mailing address
821 ORANGE BLOSSOM WAY, DANVILLE, CA 94526-4959
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2020
—
West Market Center LLC
—
Deed
related
$4,900,000 · Royal Business Bank
Jul 12, 2016
—
West Market Center LLC
—
Deed
related
$725,000 · Clearlake Jbre LLC
Jun 30, 2006
—
West Market Center LLC
West Market Center
Grant Deed
$4,800,000 · Morgan Stanley Credit Corp
Apr 7, 1997
—
West Market Center
Trapin,phillip J & Renee M
Grant Deed
related
—
—
—
West Market Center
—
Deed Of Trust
related
$520,000 · Joelson Trust
—
—
Phillip J Trapin
—
Deed Of Trust
related
$150,000 · August J Amaral INC
—
—
West Market Center
—
Deed Of Trust
related
$200,000 · Calvelli Trust
—
—
West Market Center LLC
—
Deed Of Trust
related
$3,625,000 · Western Adventist Foundation
—
—
West Market Center
—
Deed Of Trust
related
$250,000 · Brian
—
—
West Market Center LLC
—
Deed Of Trust
related
$725,000 · Clearlake Jbre LLC
—
—
Phillip J Trapin
—
Deed Of Trust
related
$255,000 · Landon Trust
—
—
West Market Center
—
Deed Of Trust
related
$350,000 · Calvelli Trust
—
—
West Market Center
—
Deed Of Trust
related
$3,613,000 · Commercial Lending Corp
—
—
Phillip J Trapin
—
Deed Of Trust
related
$230,000 · August J Amaral INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 815 Market St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
